Signals
AUD-USD Will Keep Falling! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 0.6638 which is
Now a resistance and
As the breakout is confirmed
We will be expecting a
Further move down
Sell!
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
SPX500USD Is Bullish! Buy!
Please, check our technical outlook for SPX500USD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5,836.4.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,891.1 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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BITCOIN Is Very Bearish! Short!
Here is our detailed technical review for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 68,141.23.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,698.66 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.298.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.306 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DXY: Strong Bearish Bias! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 103.908
Wish you good luck in trading to you all!
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 32,80376$
Wish you good luck in trading to you all!
GOLD: Move Up Expected! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,734.023$
Wish you good luck in trading to you all!
EURUSD: Local Correction Ahead! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.08467
Wish you good luck in trading to you all!
Lingrid | GOLD slows DOWN: Identifying OPPORTUNITY to Buy OANDA:XAUUSD formed a deeper pullback following the news release yesterday and has since bounced off a support level, which may indicate a potential entry into a consolidation phase. With another packed schedule of news events today, we could see volatile moves and spikes in the market. I anticipate that the market may pull back to take liquidity below the previous day's low and potentially retest the psychological level at 2700 before moving upward. My goal is resisatnce zone around 2770
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CHEVRON Ideal sell at the top of the 2-year Channel Down.Chevron (CVX) has been trading within a long-term Channel Down since the November 14 2022 High (almost 2 years). The price is currently on a 4 week rejection streak on the 1W MA50 (blue trend-line) but despite the selling pressure, it closes every 1W candle flat, refusing to decline.
This is most likely the same accumulation/ pull-back phase that the previous two Bullish Legs went through upon testing the 1W MA50. They both eventually broke it and peaked at the top of the Channel Down.
We expect a similar peak within the 1W MA100 (green trend-line) and the 1W MA50. Once the 1W RSI also peaks and starts reversing (red arc), we will sell and target 132.00 (just above the 1.236 Fibonacci extension).
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World gold price todayWorld gold costs increased, with spot gold growing through 20.five USD to 2,736.three USD/ounce. Gold futures closing traded at 2,748.four USD/ounce, up 19.four USD as compared to the day gone by morning.
Prices for the yellow steel rose 1% on Thursday and remained close to document highs hit in advance withinside the week, boosted through growing safe-haven call for because of fears of geopolitical tensions.
According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, gold`s restoration from the day gone by's low is a high quality sign confirming the extremely good hobby of buyers in bullion. This professional believes that, withinside the context of a complex political situation, buyers will pour into gold to guard their assets. He brought that robust call for from principal banks is likewise supplying a lift to the treasured steel's rally.
🔴Mid-term: Gold price is still in an uptrend, but the upward momentum shows signs of slowing down due to risk factors.
🔴Short-term: Price forms a sideway zone, suitable for trading strategies based on support and resistance zones.
➡️Buying range: 2712,000 - 2715,000
➡️Selling range: 2740,000 - 2743,000
NIFTY Buy opportunity on solid cyclical patterns.We last looked into the Nifty 50 Index (NIFTY) on September 05 (see chart below), when we got an excellent buy on the 1D MA50 (blue trend-line) that quickly hit our 25700 Target:
As you can see, our trading approach was based on the recurring technical patterns (Megaphones) since July 2023. Even though the current wide price action doesn't fit the former Megaphone patters, we can still call for a bottom soon as, not only is the price approaching the 1D MA200 (orange trend-line), but also the 1D RSI is almost on the same oversold (below 30.00) level as 1 year ago (October 26 2023)!
In fact the pattern of September - October 2023 looks very similar to Sep - Oct 2024. The risk of buying here is low while the reward is high, making for a very appealing R/R ratio. As a result, we turn long again, targeting 27400 (+15.67% rise as the previous bullish break-out legs).
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USDRUB Massive bullish break-out delivering a strong rally.The USDRUB pair has made an aggressive bullish break-out since the week of September 16, as it broke above the 1-year Lower Highs trend-line (since October 09 2023). At the same time it broke above its 1W MA50 (blue trend-line), while sustaining a rebound off the 1W MA100 (green trend-line).
As we can see on this chart, when the pair historically breaks above similar Lower Highs trend-lines, it rallies to at least the 1.382 Fibonacci extension. As a result, we expect to see at least 110.000 on the current rally.
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Lingrid | TONUSDT inverse HEAD and SHOULDERS patternBINANCE:TONUSDT is currently experiencing a prolonged sideways movement above the psychological level at 5.00, forming a range between 5.00 and 5.40. This indicates potential liquidity under this range, particularly at the round number of 5.00. It's likely that the market may continue to move sideways for a while before taking this liquidity. Additionally, the formation of an inverse head and shoulders pattern suggests a possible reversal ahead. If this pattern completes successfully, it could indicate a bullish shift in momentum, potentially leading to a breakout above the range. My mid-term goal is resistance zone 6.00
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RENDERUSD Bottom accumulation almost over. Don't miss this buy.Render (RENDERUSD) has been consolidating within the 1W MA50 (blue trend-line) and 1W MA100 (green trend-line) for 3 months (since the week of July 29). This is the technical accumulation pattern that the token has gone through on every market bottom (green arc) in the past two years.
The 1W RSI has broken and been trading above its MA trend-line for the past 6 weeks, which is the first bullish sign and an indication that the current accumulation is almost over (similar to previous two bottom formations).
As a result, we expect an aggressive bullish break-out soon, the 3rd major rally towards the 2-year Higher Highs trend-line. Our Target is at least $45.00 (+300% more than the previous one).
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GOLD decreased slightly from 2,741 USDFriday (October 25) in the Asian market, OANDA:XAUUSD suddenly decreased rapidly in the short term. Gold price is close to 2,725 USD/ounce, down more than 9 USD during the day as of the time this article was completed.
The latest news is that the United States and Israel plan to restart ceasefire negotiations in Gaza, which has affected gold prices in the short term.
The US and Israel plan to resume ceasefire negotiations in Gaza
U.S. officials said Thursday that U.S. and Israeli negotiators will gather in Doha in the coming days to try to restart talks to reach an agreement on a ceasefire and the release of hostages in Gaza. , Reuters reported today (Friday.)
Qatar and Egypt acted as intermediaries in the months-long negotiations between Israel and Hamas. Previously, negotiations broke down in August this year, making it impossible for the two sides to reach an agreement to end the conflict. The conflict began when Hamas launched an attack on southern Israel on October 7, 2023.
Israeli Prime Minister Benjamin Netanyahu's office said David Barnea, the head of Israel's Mossad intelligence agency, would travel to Doha on Sunday, adding that CIA Commissioner William Burns would attend the talks.
US Secretary of State Antony Blinken traveled to the Middle East this week in hopes of restarting ceasefire talks in Gaza following the death of Hamas leader Yahya Sinwar. Washington sees Shinwar as the main obstacle to a deal.
“Going back to the ceasefire negotiations and the hostage issue, one of the things we're doing is looking at whether there are different options that would allow us to get to an outcome,” Blinken said. ”.
In terms of economic data
The number of people filing for first-time unemployment benefits in the United States unexpectedly fell last week, but the number of people receiving benefits increased in mid-October, raising the risk of a rise in the unemployment rate this month. .
Initial jobless claims for the week ended October 19 fell from 15,000 to a seasonally adjusted 227,000, the U.S. Department of Labor said on Thursday. The decline in unemployment claims due to Hurricane Helen offset the spike in unemployment claims due to Hurricane Milton.
The market had forecast 242,000 applications for unemployment benefits in the latest week. Helen and Milton make it more difficult to keep your finger on the pulse of the labor market.
Unemployment rate fell to 4.1% in September from 4.2% in August. Unemployment rate increased to 4.3% in July from 3.4% in April 2023, this is which led to the Federal Reserve's unusually large 50 basis point interest rate cut last month. This is seen as beneficial for the USD and not supportive of gold.
Analysis of technical prospects for OANDA:XAUUSD
Gold was once again under pressure and fell slightly after reaching the initial target level noticed by readers in yesterday's edition at 2,741 USD, the Fibonacci price point extended by 1%.
Overall, gold needs some time to adjust as it has had a long period of continuous price increases, indicators are at overbought levels as shown by the Relative Strength Index pointing down from the 75 and still far from the nearest support level at 50.
In the short term, gold will likely test the area of 2,711 - 2,700 USD, which is considered the closest support area currently.
In the event that the $2,700 raw price level is broken below gold, there will be room for a bit more downside with subsequent targets around $2,688 – $2,672 Fibonacci price points of 0.618% and 0.50%.
Although reductions and corrections may still occur, in general the trend of gold is still up, in fact the uptrend is still being maintained with the price channel currently trending in the short term.
As long as gold remains above EMA21, within the channel, its main trend is still bullish even if downward corrections occur, and short-term price points will be noticed again as follows.
Support: 2,711 – 2,700USD
Resistance: 2,741 – 2,748 – 2,758USD
SELL XAUUSD PRICE 2766 - 2764⚡️
↠↠ Stoploss 2770
→Take Profit 1 2759
↨
→Take Profit 2 2754
BUY XAUUSD PRICE 2680 - 2682⚡️
↠↠ Stoploss 2676
→Take Profit 1 2687
↨
→Take Profit 2 2692
Gold prices are on an upward trend this week!Dear traders, Conan here!
Today, gold is in a strong uptrend after all the attempts of the bears failed to reclaim the $2600 level, the price has started to increase and is currently at $2650. The increase is mainly due to the 80% chance that the Fed will tend to cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will remain unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thus supporting the price of gold.
With positive signs from the fundamental news and in addition, gold is still reacting around the 34 EMA and the technical uptrend has not been broken when looking closely as on the 1-hour chart, we can fully expect the uptrend to remain completely dominant. Due to these factors, in Conan's personal opinion, gold prices are expected to remain attractive in the near term, with the possibility of rising to $2750. What do you think about this view?
EUR/USD: Selling pressure takes control!Hello all traders!
Overall, a lackluster start to the week saw the EUR/USD pair extend its decline, falling below the 1.0900 mark and recording a fresh two-month low near the key 34-day Simple Moving Average (EMA).
As such, the US Dollar (USD) continued its rally, pushing the US Dollar Index (DXY) to a fresh multi-week high above 103.00 on persistently high risk sentiment and rising geopolitical tensions in the Middle East. That said, the selling pressure on EUR/USD is not over until the price retests the trendline and the 1.0800 support zone.
EURUSD: to the point of important supportEUR/USD has restored half -hearted on Thursday, restoring four tenths of percent and increasing over 1,0800. Despite the recovery on the weekend, Fiber still dropped sharply compared to the recent high level after a decrease of more than 4% from top to bottom compared to the highest bid at the end of September nearly 1,1200.
Technically, the recent decline has followed the principle of DOW theory, showing that after a large decline, the market will often tend to adjust. In this scenario, EURUSD is likely to retreat to Fibonacci levels 0.5 to 0.618, in the range of 1,09307 to 1,09836. This will be an important resistance area, where the price may slow down or have a selling pressure again.
What do you think of the recovery momentum at the present time?
Corrected, GOLD recovered and the trend remained unchangedOANDA:XAUUSD significant downside correction and recovery from the key technical area around the 0.786% Fibonacci extension.
Mainly influenced by the strengthening of the US Dollar and US bond yields, along with the easing of tensions in the Middle East were the main reasons why gold prices fell sharply on Wednesday. In addition, gold prices have recently risen too sharply, technical indicators have become overbought and part of the market has chosen to take profits.
Markets are also concerned that the US presidential election in November could be competitive and it could take some time to determine a winner.
Bloomberg reported that the US presidential election in November is entering its final weeks, the race between former President Trump and Vice President Kamala Harris is taking place extremely fiercely.
A Bloomberg News/Morning Consult poll shows the two candidates are statistically tied in seven battleground states.
In all seven states, the two candidates are neck and neck, with both candidates receiving 49% support from likely voters. The poll's overall margin of statistical error is 1%.
However, the market also remains concerned that the conflict between Israel and Iran could escalate into a wider war.
Despite the short-term correction, gold prices have increased more than 30% since the beginning of this year, continuously reaching new highs. Gold's rally has strengthened over the past few months as the Federal Reserve moved to reduce interest rates.
Fund managers have also contributed to gold's rally, as hedge funds increased their net long positions in gold in recent sessions and investors increased their holdings of exchange-traded funds (ETFs).
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold corrected significantly after the Relative Strength Index showed gold was in the overbought area (75%). However, the correction does not bring many opportunities for further price declines as the slope of the RSI is relatively low and shows signs of bending upward, depicting a weakening sell-off sentiment.
On the other hand, gold is still above the short-term trend price channel. Note to readers in previous publications on the price channel. As long as gold remains in this price channel, its short-term trend is still bullish.
The lower edge of the price channel is also confluent with the 0.786% Fibonacci extension, making this an important support area.
Although gold has adjusted down, all short-, medium- and long-term conditions and trends are still in favor of price increases. Notable levels will be listed again as follows.
Support: 2,711 – 2,700USD
Resistance: 2,741 – 2,748 – 2,758USD
SELL XAUUSD PRICE 2741 - 2739⚡️
↠↠ Stoploss 2745
→Take Profit 1 2734
↨
→Take Profit 2 2729
BUY XAUUSD PRICE 2680 - 2682⚡️
↠↠ Stoploss 2676
→Take Profit 1 2687
↨
→Take Profit 2 2692